Business, 20.02.2020 04:03 michael4443

During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal funding via subsidies. Meanwhile, American households gave a higher priority towards minimizing their environmental impact. Consider the market for zero-emissions electric vehicles, where there is an upward-sloping supply curve and a downward-sloping demand curve. In which direction will demand and supply shift? a. Both curves will shift left. b. Both curves will shift right. c. Demand will shift right, and supply will shift left. d. Demand will shift left, and supply will shift right What will happen to the equilibrium price? a. The price will increase. b. The price will remain constant. c. The price will change ambiguouslyd. The price will decrease

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